Custom game servers

Is it possible to host a dedicated Dota 2 server/lobby for others to join?

I see that there is an upcoming LAN feature, but will we be able to open it to the public as an internet lobby?

The reason behind me asking this simple question is that there is no official game server here, and we get 200-300 ping to the nearest server.
So it would be nice to have a lower latency when playing a fun game/tournament over here.

Your input would be much appreciated.

Kind regards,
Heartburst.

NB: If another thread like this exists, please remove this and pm me the link to the other thread! Thanks